Annual report to Congress. Volume II. 1977 executive summary. [Projections to 1985 and 1985 to 1990]

Technical Report · Sat Jan 01 04:00:00 EST 1977

OSTI ID:6430724

This annual report to Congress indicates that: total energy consumption, which has grown at an average annual rate of 3.7% from the recession year 1975 through 1977, is projected to grow at average annual rates between 2.4 and 3.6% for the next 2 years. The expectation of lower rates of increase in 1978 and 1979 reflects the change in pace forecasted in economic growth following the recovery phase of the business cycle. With GNP forecasted to grow at annual rates between 3.8 and 4.3% from 1975 to 1985 and between 2.5 and 3.0% from 1985 to 1990, total energy consumption is projected to increase from 1975 to 1985 at 2.6 to 3.2% annually and from 1985 to 1990 at 2.0 to 2.5% annually. Projected consumption would range between 91 quads and 97 quads in 1985 and 101 quads to 109 quads in 1990. Domestic energy production is projected to increase from 1975 to 1985 at 1.5 to 2.5% annually and from 1985 to 1990 at 0.8 to 2.5%, generally lower than the rates of increase in consumption. As a result, the dependence on imports (mainly oil) continues to grow throughout the period of projections to 1990. Oil imports which rose from 6.1 million barrels per day (MMB/D) in 1975 to 8.7 MMB/D in 1977 are projected to increase to a range between 9.1 MMB/D and 12.5 MMB/D in 1985 and between 9.8 MMB/D and 16.1 MMB/D in 1990.

• Research Organization: Department of Energy, Washington, DC (USA). Energy Information Administration
• OSTI ID: 6430724
• Report Number(s): DOE/EIA-0036/2(Exect.Summ.)
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
DEMAND FACTORS
ECONOMIC GROWTH
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY SOURCES
ENERGY SUPPLIES
FORECASTING
FOSSIL FUELS
FUELS
GROSS NATIONAL PRODUCT
IMPORTS
NORTH AMERICA
PETROLEUM
PRODUCTION
USA